Today rubber price fell again due to
weakening crude oil prices and a stronger yen, which cut the appeal for the
commodity. The yen climbed after Federal Reserve Bank of New York president
William C Dudley said policy makers must forcefully push against economic
headwinds. The contract for February delivery on the Tokyo Commodity Exchange
lost as much as 2.64% to ¥276.4 a kg.
Today, at Kottayam, RSS4 grade closed at `.180 a kg. RSS3 grade closed at `.166.24 a kg at Bangkok, while Malaysian SMR20 closed
at `.149.17 a kg. On the Tokyo Commodity Exchange,
September futures series closed at ¥263.8 a kg, October at ¥261.8, November at
¥264.7, December at ¥269, January 2014 at ¥272.5 and the contract for delivery
in February 2014 closed at ¥276.4 a kg. While on the National Multi Commodity
Exchange October futures were trading at `.176.50 a kg, November
at `.175.50, December at `.177.50 and January
2014 at `.179 a kg at 4.00 pm IST.
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